Barclays Raises Numbers on Cheesecake Factory (CAKE); Continuing to Defy Dining Comp Volatility

Barclays maintains an 'Equalweight' on Cheesecake Factory (NASDAQ: CAKE) price target of $33.00 (from $32.00).

Analyst, Jeffrey A. Bernstein, said, "Cheesecake continues to defy casual dining comp volatility, delivering the 10th consecutive quarter of low-single-digit positive comps, more recently inclusive of positive traffic. Such coupled with mid-single-digit unit growth and easing food inflation translates into mid-teens '12 EPS growth, similar to long-term guidance."

FY12 EPS estimate raised from $1.87 to $1.92 and FY13 from $2.13 to $2.20.

For an analyst ratings summary and ratings history on Cheesecake Factory click here. For more ratings news on Cheesecake Factory click here.

Shares of Cheesecake Factory closed at $30.38 yesterday.

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